Trump Signs Order to Facilitate US Ownership of TikTok

Donald Trump has signed an executive order allowing TikTok to continue operating in the U.S., following negotiations with China’s President Xi Jinping. The deal, valued at approximately $14 billion, involves a new joint-venture company for TikTok’s U.S. operations, ensuring ByteDance retains less than 20% ownership and aims to protect American data privacy.

Want More Context? 🔎